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SB818,7,65 4. “Used exclusively” means used to the exclusion of all other uses except for
6use not exceeding 5 percent of total use.
SB818,7,127 (b) Filing claims. Subject to the limitations provided in this subsection, for
8taxable years beginning after December 31, 2019, and before January 1, 2023, a
9claimant may claim as a credit against the taxes imposed under s. 71.23 an amount
10equal to the most recent assessed value of the claimant's buildings and
11improvements assessed as other under s. 70.32 (2) (a) 7., not including residential
12property, that are used exclusively for farming, multiplied by 0.01187.
SB818,7,2013 (c) Limitations. 1. Partnerships, limited liability companies, and tax-option
14corporations may not claim the credit under this subsection, but the eligibility for,
15and the amount of, the credit are based on the determination described under par.
16(b). A partnership, limited liability company, or tax-option corporation shall
17compute the amount of credit that each of its partners, members, or shareholders
18may claim and shall provide that information to each of them. Partners, members
19of limited liability companies, and shareholders of tax-option corporations may
20claim the credit in proportion to their ownership interests.
SB818,7,2221 2. The maximum amount of the credit that a claimant may claim under this
22subsection in a taxable year is $7,500.
SB818,8,423 3. No claimant may claim a credit under this subsection unless the claimant
24is a farmer and files a schedule F for the taxable year for which the claimant claims
25the credit or is an entity actively engaged in farming under 7 CFR 1400.201 for that

1taxable year. No claimant may claim a credit under this subsection unless the
2claimant's annual gross income from farming for the year in which the claim relates
3is not less than $35,000. For purposes of this subdivision, “gross income” has the
4meaning given in s. 71.03 (1).
SB818,8,65 (d) Administration. 1. Subsection (4) (g) and (h), as it applies to the credit
6under sub. (4), applies to the credit under this subsection.
SB818,8,117 2. If the allowable amount of the claim under this subsection exceeds the taxes
8otherwise due on the claimant's income under s. 71.23, the amount of the claim that
9is not used to offset those taxes shall be certified by the department of revenue to the
10department of administration for payment from the appropriation under s. 20.835
11(2) (bh).
SB818,12 12Section 12. 71.30 (3) (f) of the statutes is amended to read:
SB818,8,2413 71.30 (3) (f) The total of farmland preservation credit under subch. IX,
14farmland tax relief credit under s. 71.28 (2m), dairy manufacturing facility
15investment credit under s. 71.28 (3p), jobs credit under s. 71.28 (3q), meat processing
16facility investment credit under s. 71.28 (3r), woody biomass harvesting and
17processing credit under s. 71.28 (3rm), food processing plant and food warehouse
18investment credit under s. 71.28 (3rn), enterprise zone jobs credit under s. 71.28
19(3w), electronics and information technology manufacturing zone credit under s.
2071.28 (3wm), business development credit under s. 71.28 (3y), research credit under
21s. 71.28 (4) (k) 1., film production services credit under s. 71.28 (5f), film production
22company investment credit under s. 71.28 (5h), beginning farmer and farm asset
23owner tax credit under s. 71.28 (8r), farm buildings credit under s. 71.28 (8s), and
24estimated tax payments under s. 71.29.
SB818,13
1Section 13. 71.30 (3) (f) of the statutes, as affected by 2019 Wisconsin Act 54
2and 2019 Wisconsin Act .... (this act), is repealed and recreated to read:
SB818,9,83 71.30 (3) (f) The total of farmland preservation credit under subch. IX,
4farmland tax relief credit under s. 71.28 (2m), jobs credit under s. 71.28 (3q),
5enterprise zone jobs credit under s. 71.28 (3w), electronics and information
6technology manufacturing zone credit under s. 71.28 (3wm), business development
7credit under s. 71.28 (3y), research credit under s. 71.28 (4) (k) 1., farm buildings
8credit under s. 71.28 (8s), and estimated tax payments under s. 71.29.
SB818,14 9Section 14. 71.34 (1k) (g) of the statutes is amended to read:
SB818,9,1310 71.34 (1k) (g) An addition shall be made for credits computed by a tax-option
11corporation under s. 71.28 (1dm), (1dx), (1dy), (3), (3g), (3h), (3n), (3p), (3q), (3r),
12(3rm), (3rn), (3t), (3w), (3wm), (3y), (4), (5), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r),
13(5rm), (6n), (8r), (8s), and (10) and passed through to shareholders.
SB818,15 14Section 15 . 71.34 (1k) (g) of the statutes, as affected by 2019 Wisconsin Act 54
15and 2019 Wisconsin Act .... (this act), is repealed and recreated to read:
SB818,9,1916 71.34 (1k) (g) An addition shall be made for credits computed by a tax-option
17corporation under s. 71.28 (1dm), (1dx), (1dy), (3), (3g), (3h), (3n), (3q), (3t), (3w),
18(3wm), (3y), (4), (5), (5e), (5g), (5i), (5j), (5k), (5r), (5rm), (6n), (8s), and (10) and passed
19through to shareholders.
SB818,16 20Section 16. 71.45 (2) (a) 10. of the statutes is amended to read:
SB818,9,2521 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
22computed under s. 71.47 (1dm) to (1dy), (3g), (3h), (3n), (3p), (3q), (3r), (3rm), (3rn),
23(3w), (3y), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), (8r), (8s), (9s), and (10)
24and not passed through by a partnership, limited liability company, or tax-option
25corporation that has added that amount to the partnership's, limited liability

1company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1k) (g) and
2the amount of credit computed under s. 71.47 (1), (3), (3t), (4), (4m), and (5).
SB818,17 3Section 17 . 71.45 (2) (a) 10. of the statutes, as affected by 2019 Wisconsin Act
454
and 2019 Wisconsin Act .... (this act), is repealed and recreated to read:
SB818,10,115 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
6computed under s. 71.47 (1dm) to (1dy), (3g), (3h), (3n), (3q), (3w), (3y), (5e), (5g), (5i),
7(5j), (5k), (5r), (5rm), (6n), (8s), (9s), and (10) and not passed through by a
8partnership, limited liability company, or tax-option corporation that has added that
9amount to the partnership's, limited liability company's, or tax-option corporation's
10income under s. 71.21 (4) or 71.34 (1k) (g) and the amount of credit computed under
11s. 71.47 (1), (3), (3t), (4), (4m), and (5).
SB818,18 12Section 18. 71.47 (8s) of the statutes is created to read:
SB818,10,1313 71.47 (8s) Farm buildings credit. (a) Definitions. In this subsection:
SB818,10,1514 1. “Agricultural land” means land that is assessed as agricultural land under
15s. 70.32 (2) (a) 4.
SB818,10,1616 2. “Claimant” means a person who files a claim under this subsection.
SB818,10,1917 3. “Residential property” means property that is assessed as residential
18property under s. 70.32 (2) (a) 1. or a residence that is assessed as other under s. 70.32
19(2) (a) 7.
SB818,10,2120 4. “Used exclusively” means used to the exclusion of all other uses except for
21use not exceeding 5 percent of total use.
SB818,11,222 (b) Filing claims. Subject to the limitations provided in this subsection, for
23taxable years beginning after December 31, 2019, and before January 1, 2023, a
24claimant may claim as a credit against the taxes imposed under s. 71.43 an amount
25equal to the most recent assessed value of the claimant's buildings and

1improvements assessed as other under s. 70.32 (2) (a) 7., not including residential
2property, that are used exclusively for farming, multiplied by 0.01187.
SB818,11,103 (c) Limitations. 1. Partnerships, limited liability companies, and tax-option
4corporations may not claim the credit under this subsection, but the eligibility for,
5and the amount of, the credit are based on the determination described under par.
6(b). A partnership, limited liability company, or tax-option corporation shall
7compute the amount of credit that each of its partners, members, or shareholders
8may claim and shall provide that information to each of them. Partners, members
9of limited liability companies, and shareholders of tax-option corporations may
10claim the credit in proportion to their ownership interests.
SB818,11,1211 2. The maximum amount of the credit that a claimant may claim under this
12subsection in a taxable year is $7,500.
SB818,11,1913 3. No claimant may claim a credit under this subsection unless the claimant
14is a farmer and files a schedule F for the taxable year for which the claimant claims
15the credit or is an entity actively engaged in farming under 7 CFR 1400.201 for that
16taxable year. No claimant may claim a credit under this subsection unless the
17claimant's annual gross income from farming for the year in which the claim relates
18is not less than $35,000. For purposes of this subdivision, “gross income” has the
19meaning given in s. 71.03 (1).
SB818,11,2120 (d) Administration. 1. Section 71.28 (4) (g) and (h), as it applies to the credit
21under s. 71.28 (4), applies to the credit under this subsection.
SB818,12,222 2. If the allowable amount of the claim under this subsection exceeds the taxes
23otherwise due on the claimant's income under s. 71.43, the amount of the claim that
24is not used to offset those taxes shall be certified by the department of revenue to the

1department of administration for payment from the appropriation under s. 20.835
2(2) (bh).
SB818,19 3Section 19. 71.49 (1) (f) of the statutes is amended to read:
SB818,12,144 71.49 (1) (f) The total of farmland preservation credit under subch. IX,
5farmland tax relief credit under s. 71.47 (2m), dairy manufacturing facility
6investment credit under s. 71.47 (3p), jobs credit under s. 71.47 (3q), meat processing
7facility investment credit under s. 71.47 (3r), woody biomass harvesting and
8processing credit under s. 71.47 (3rm), food processing plant and food warehouse
9investment credit under s. 71.47 (3rn), enterprise zone jobs credit under s. 71.47
10(3w), business development credit under s. 71.47 (3y), research credit under s. 71.47
11(4) (k) 1., film production services credit under s. 71.47 (5f), film production company
12investment credit under s. 71.47 (5h), beginning farmer and farm asset owner tax
13credit under s. 71.47 (8r), farm buildings credit under s. 71.47 (8s), and estimated tax
14payments under s. 71.48.
SB818,20 15Section 20 . 71.49 (1) (f) of the statutes, as affected by 2019 Wisconsin Act 54
16and 2019 Wisconsin Act .... (this act), is repealed and recreated to read:
SB818,12,2117 71.49 (1) (f) The total of farmland preservation credit under subch. IX,
18farmland tax relief credit under s. 71.47 (2m), jobs credit under s. 71.47 (3q),
19enterprise zone jobs credit under s. 71.47 (3w), business development credit under
20s. 71.47 (3y), research credit under s. 71.47 (4) (k) 1., farm buildings credit under s.
2171.47 (8s), and estimated tax payments under s. 71.48.
SB818,21 22Section 21 . Nonstatutory provisions.
SB818,13,623 (1) Farm buildings credit. A person who is eligible to claim the farm buildings
24credit under s. 71.07 (8s), 71.28 (8s), or 71.47 (8s) for taxable years beginning after
25December 31, 2019, and before January 1, 2021, may claim the credit by filing a claim

1online, as prescribed by the department of revenue, rather than filing a return in
2order to claim and receive the credit. This subsection does not relieve the claimant's
3obligation to otherwise file a return for that taxable year. The department shall
4process claims submitted under this subsection as expeditiously as possible and
5certify the claims for payment as provided under ss. 71.07 (8s) (d) 2., 71.28 (8s) (d)
62., and 71.47 (8s) (d) 2.
SB818,22 7Section 22 . Effective dates. This act takes effect on the day after publication,
8except as follows:
SB818,13,119 (1) The repeal and recreation of ss. 71.05 (6) (a) 15., 71.10 (4) (i), 71.21 (4) (a),
1071.26 (2) (a) 4., 71.30 (3) (f), 71.34 (1k) (g), 71.45 (2) (a) 10., and 71.49 (1) (f) takes effect
11on July 1, 2020.
SB818,13,1212 (End)
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